Toledo Legal News - Sheriff sale - Location and Terms of Sale

 
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Sheriff James A. Telb, Ph. D.
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LOCATION OF SALE

Sales are held at the Lucas County Court House, 700 Adams Street, Sheriff's Civil Branch, at 10:00 a.m. when scheduled.

INFORMATION

Bidding for mortgage foreclosure starts at two-thirds (2/3) of the appraised value of the property, unless there is a court-ordered starting bid. Bidding on tax foreclosure properties could be two-thirds of the appraised value of the property OR properties may be sold for back taxes and costs. This is determined by the Treasurer's Office. Information may be obtained about tax sales by contacting Ruth Seth, Tax Sale Coordinator @ (419) 213-4316.

The Sheriff's Office does not have access or keys to any of the properties. PROPERTIES ARE SOLD AS IS. APPRAISALS MAY NOT INCLUDE INTERIOR INSPECTIONS. The Sheriff's Office does not order a title search and therefore does not guarantee a clear title to any property.

For a complete legal description or additional information call (416) 213-4786 or visit http://www.co.lucas.oh.us/sheriff

TERMS OF SALE

DEPOSIT: In every sheriff's sale of real property, the successful bidder shall deposit 5% of the amount of the appraised value of the property. If the property has not been appraised, a deposit in an amount equal to 10% of the starting bid is required. However, no such deposit shall be less than $1000.00 or greater than $5000.00. For properties sold pursuant to a judgment foreclosing the equity of redemption of a mortgage deed and the lienholder is the successful bidder, he may opt to deposit $1000.00 plus the amount of the real estate taxes due at the time of the sale. This bidder must utilize the form provided from the sheriff's office to evidence the amount of real estate taxes due at the time of the sale.

YOU MUST have your money with you at the time you are bidding. NO ONE will be allowed to leave and return at a later time to pay their deposit. REMEMBER - if you do not have your money with you, don't bid.

We accept cash, certified bank checks, and DEBIT transactions for your deposit. Checks should be payable to the Sheriff of Lucas County, Ohio. NO personal checks, credit cards, or business checks are accepted.

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